Answered By: Abigail Caraccio
Last Updated: Feb 13, 2018     Views: 1116

Your financial aid account will be affected in two ways if you have to drop a class after the first 7 days of the start date.

  • You will receive a “W” grade which will affect your overall completion rate.  Please remember that you must maintain a 67% overall completion rate of all attempted credits here at Walden to be eligible for financial aid.
  • Your account will have to be reviewed for what is called, Return of Title IV Funding.  If you drop a class which financial aid paid for, the participation percentage in the term will automatically be reviewed.  If the percentage is less than 60%, a portion of the financial aid that you received will have to be sent back to the lender.  This could create a balance on your account, for which you would be responsible for payment back to the school.  
    • We are unable to pre-determine what this amount will be. 
    • Please allow up to 45 days for your account to be reviewed to process this transaction.

You can contact the Office of Financial Aid at 1-800-925-3368 or for more information.

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